A company borrows $75,000 on a 9-month, 10% note on April 1. How much interest expense will be incurred by December 31?

Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600

Sub-Cinema Inc. borrowed $10,000 on Jan. 1 and will repay the loan with 12 equal payments made at the end of the month for 12 months. The interest rate is 12% annually. If the monthly payments are $888.49, what is the journal entry to record the cash received on Jan. 1 and the first payment made on Jan. 31?

A company receives a 6%, 120-day note for $2,400. The total interest due on the maturity date is (Use 360 days a year.) ?

What is the Answer ?

A company borrowed $12,500 by signing a 150-day promissory note at 7.5% interest. What is the maturity value of the note?

If the company accepted a Notes Receivable on Oct 1, X1 for $60,000 at 8%, due in one year, what is the Maturity value?

On January 23 of a non-leap year, a loan is taken out for $15,230 at 8.8% simple interest. What is the maturity value of the loan on October 23?

A nine months, 15% note for $9000 dated April 15 is reciebed for a customer. The maturity value of the note is what?

A 60-day, 9% note for $10,000, dated May 1, is received from a customer on account.  Use 30 day months and 360 day years in calculations of interest. The maturity value of the note is: